3613 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430027

Property Overview

Parcel ID0202824430027

Lot Size4,900 sq ft (0.112 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerTARA BEARD/JEFFREY WASHBURNE

Assessed Value$337,300

Land Value$90,000

Building Value$247,300

Annual Tax$7,485

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $13K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$13K

MERIDIAN PROPERTIES LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,384/mo

Renter-occupied31.1%

Median home value$271K

Vacancy rate4.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1097

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,475 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,475 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3615 15TH AVE S MINNEAPOLIS MN 55407	STEFANIE A HOLMAN	RESIDENTIAL	$295,500	40 ft
3609 15TH AVE S MINNEAPOLIS MN 55407	NANCY L GOLDMAN	RESIDENTIAL	$318,300	40 ft
3619 15TH AVE S MINNEAPOLIS MN 55407	C A TOMLINSON & D L JENSEN	RESIDENTIAL	$380,300	80 ft
3605 15TH AVE S MINNEAPOLIS MN 55407	J D BIEBIGHAUSER/M V OLSEN	RESIDENTIAL	$372,200	80 ft
3601 15TH AVE S MINNEAPOLIS MN 55407	DEBRA A KNOKE	RESIDENTIAL	$295,800	123 ft
3621 15TH AVE S MINNEAPOLIS MN 55407	RACHEL KOLIAS & ANDREW WYRE	RESIDENTIAL	$383,200	125 ft
3608 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TOM REID & MAVIS SCHWARTZ	RESIDENTIAL	$216,600	137 ft
3612 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CARA CARLSON/JEFFREY STAGGS	RESIDENTIAL	$471,000	140 ft
3606 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TOM REID & MAVIS SCHWARTZ	RESIDENTIAL-TWO UNIT	$315,600	149 ft
3602 BLOOMINGTON AVE MINNEAPOLIS MN 55407	DANIEL SALVADOR BONETE LEMA	RESIDENTIAL-TWO UNIT	$334,100	165 ft

Property History

Most Recent Sale

Date202510

Price$405,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,485